Karachi, November 28, 2024-The Pakistan Stock Exchange (PSX) reached a historic milestone today as the KSE-100 Index crossed the 100,000-point mark for the first time in the country’s history.
The benchmark index, which closed at 99,269 points on the previous trading day, surged by 1,271 points at the start of trading, reaching 100,540 points. This achievement underscores growing investor confidence in the government’s economic policies and the improving business environment.
PM credits government policies
Prime Minister Shehbaz Sharif lauded the achievement, describing it as a reflection of the trust the business community and investors have in the government’s efforts to stabilize the economy.
“This remarkable performance underscores our commitment to economic growth and stability,” the prime minister said in a statement.
He commended the government’s economic team for their relentless efforts in fostering investment and building a positive economic outlook. The prime minister highlighted the significant challenges his administration overcame, emphasizing, “We sacrificed our politics to save Pakistan from default, and by the grace of Almighty God, that sacrifice has paid off.”
Shehbaz Sharif also pointed to key economic achievements, including reduced inflation, a 15% interest rate, and record-high remittances, as indicators of progress. He reaffirmed the government’s dedication to driving economic growth and vowed to counter any efforts to disrupt Pakistan’s development trajectory.
This milestone at the PSX not only signifies the strength of Pakistan’s financial markets but also reflects broader optimism about the nation’s economic future.
